United Spirits, now Diageo India, said on Wednesday that it had received a tax demand of Rs 4.47 crore from the Maharashtra state tax authorities for failing to submit statutory declaration forms. The assessment order, dated March 5, 2024, is for the fiscal year 2018-19 for CST (Central Sales Tax) and MVAT (Maharashtra Value Added […]
Asian Paints revealed a tax demand of Rs 13.83 crore, accompanied by a penalty of Rs 1.38 crore, from the Deputy Commissioner of State Tax, Chennai, Tamil Nadu. Under the Central Goods and Services Tax Act, 2017, and corresponding regulations, the demand pertains to the additional tax on outward supplies and disallowance of Input Tax […]
Zomato stocks caught up in the downward momentum on Thursday, after the GST authorities sent a show cause notice of nearly Rs 402 crore to the firm alleging the unpaid dues which were earned by levying delivery charges to the customers on behalf of delivery partners. The stocks plunged 2.5 per cent to Rs 124.05 […]
Delta Corp disclosed in a regulatory filing on 14 October that it has received further notifications concerning alleged Goods and Services Tax (GST) shortfalls, amounting to a total of Rs 6,384 crore. The claims within these notices are primarily calculated based on the overall wagering value of all games played during the relevant period. “The […]
